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Published: Saturday 24 August, 2013

michael kors dresses outlet michael kors dresses outlet 15bn to 3rd world agriculture

G8 Leaders meeting in italy have reportedly committed $15bn over three years to target agricultural investment in poorer countries and fight food insecurity.

A final draft statement seen by Reuters News Agency made no mention of a trust fund for the contributions to be managed by the World Bank, this was a proposal put forward by the US in previous drafts.

The talks come on the second of a threeday Group of Eight summit in LAquila in Italy, with discussions broadened to include the heads of new economic powerhouses.

Those nations Brazil, China, India, Mexico and South Africa joined the expanded G8 summit this afternoon.

The five developing countries agreed with the big eight Britain, Canada, France, Germany, Italy, Japan, Russia and the US that they would oppose protectionism and michael kors dresses outlet push for a global trade deal.

The emerging powers, wary of shackling their growth potential through limiting their carbon emissions, also bowed to pressure from the industrialised democracies to agree climate change targets.

As late as last week, China and India opposed ambitious reductions targets, arguing the rich world should lead the way in fighting climate change.

But according to a diplomat and a draft copy of a summit communiqu, the Major Economies Forum the 16 countries that between them produce 80% of the worlds greenhouse g michael kors dresses outlet ases has come to a deal on a target.

The G8 countries, despite the reticence of Russia, had earlier agreed to cut their emissions by 80% by 2050.

Now the emerging economies appear to have accepted the principle of limiting the rise in the Earths average temperature to 2C above its 18thcentury level.

Clear differences remain however.

Brazil, for example, dismissed the G8s distant 80% emissions reduction target as not credible without an earlier interim stage, echoing the position of Russia, which has dismissed the goal.

We cant be satisfied with a single longterm objective without losing all credibility, said Brazilian Foreign Minister Luiz Alberto Figuereido Machado.

Aside from climate, the summit in the earthquakehit Italian town of LAquila focused on michael kors dresses outlet the world economic crisis, with the 14 major countries agreeing to resist domestic calls for protectionism. michael kors dresses outlet